Bengaluru, Jan 14: Days after the Reserve Bank of India (RBI) capped to Rs 35,000 the withdrawal limit of Sri Guru Raghavendra Co-operative Bank, BJP MP Tejasvi Surya on Monday reassured account holders and said Finance Minister Nirmala Sitharaman was personally monitoring the issue.
Taking to Twitter, Surya said, "I want to assure all depositors of Sri Guru Raghavendra Co-operative Bank to not panic. Hon'ble Finance Minister Nirmala Sitharaman is appraised of matter and is personally monitoring the issue. She has assured the government will protect interests of depositors. Grateful for her concern."
The Bengaluru South MP also attached a letter in his tweet where he had appraised Sitharaman of the situation.
"Finance Minister, after speaking with the RBI governor and other authorities concerned, assured Surya that the government will do everything in its capacity to protect the interests of the depositors and the long term interests of the bank," the letter read.
It said that Surya also reached out to Sitharaman "three times on January 13" after which she reassured him that the "depositors need not panic".
RBI had, on January 10, imposed certain restrictions on Sri Gururaghavendra Sahakara Bank Niyamitha.
"In particular, a sum not exceeding Rs 35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions stated in the above RBI directions," the notification said.
The regulatory body said that the bank will continue to undertake banking business with restrictions until its financial position improves.
"These directions shall remain in force for a period of six months from the close of business of January 10 and are subject to review," it said.
The bank has been restricted from granting or renewing any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except.
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sangh parivar is trying sabotage karnataka by voilence, loot, disturbance, distruction etc. They are agitating for no reason. Their leaders are desparate on the publicity of congress Govt and have hired unemployed goons to create trouble. Police should arrest bjp MLS from Sirsi for being responsible for the voilence which resulted in loss of property worth crores of rupees and Court should order bjp to pay for it. Leavy fine on this hate monger bjp mla who is useful for nothing.
simha you can now report to amit, that your friends were able to do a violent protest, and despite your failure this one was a good one. it can be used to say that the government is undermining majority ;). ….but central remains yours and how can you undermine the majority???oh thats the RSS way of agitation
They are trying alll the means to win next Poll. i dont think these outfits are from same city. spreding communualism is the main intention of these goons to try and harm as much as possible to make to next election..
Anti Nationalist set IGPs Car on fire. Pathetic situation of Police Dept. in Karnatak. Send all anti nationals behind the bar.
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